Cavco industries announces planned acquisition of manufactured home builder and retailer, american homestar corporation

Phoenix, july 14, 2025 (globe newswire) -- cavco industries, inc. (nasdaq: cvco) ("cavco" or the "company") announced today that it has entered into a definitive agreement to acquire american homestar corporation and its subsidiaries (collectively, "american homestar"), a houston-based company best known in the market as oak creek homes. american homestar operates two manufacturing facilities, nineteen retail locations, writes and sells a limited number of manufactured home loans and acts as an agent for third party insurers. with 800 employees, revenues for the twelve months ended may 31, 2025 were $194 million, net income was $16.6 million and earnings before interest, taxes, depreciation, amortization, and other income ("adjusted ebitda") (non-gaap)* was $17.8 million. during that time, american homestar produced 1,676 homes.
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